Homework Answers
| Date | Account Titles | Debit | Credit |
| Jan-02 | Treasury stock | $ 164.00 | |
| Cash (10*16.4) | $ 164.00 | ||
| Feb-15 | Cash (3*20.2) | $ 60.60 | |
| Treasury stock (3*16.4) | $ 49.20 | ||
| Paid-in capital-share repurchase | $ 11.40 | ||
| Sep-20 | Cash (3*15.2) | $ 45.60 | |
| Paid-in capital-share repurchase | $ 3.60 | ||
| Treasury stock (3*16.4) | $ 49.20 |
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In 2018, Poe's Products completed the treasury stock transactions described below. January 2: Reacquired 10 million...
in 2018, poe's products completed the treasury stock transactions described below January 2: required 10 million sha...
in 2018, poe's products completed the treasury stock transactions described below January 2: required 10 million shares at $15.30 per share February 15th so 3 million treasury shares at $19.65 per share September 20th so 3 million treasury shares at $14.65 per share Poe had issued 50 million shares at its $1 par common stock for $18 several years ago record the above transactions
Treasury Stock Transaction example: Note: show your journal entries AND computations In 2016, Poe's Products completed...
Treasury Stock Transaction example: Note: show your journal entries AND computations In 2016, Poe's Products completed the treasury stock transactions described below. January 2: Reacquired 10 million shares at $16 per share. February 15: Sold 3 million shares at $20 per share. September 20: Sold 3 million treasury shares at $15 per share. Poe had issued 50 million shares of its $1 par common stock for $18 several years ago. Required: Record the above transactions, assuming that Poe's Products uses...
In 2018, Western Transport Company entered into the treasury stock transactions described below. In 2016, Western Transp...
In 2018, Western Transport Company entered into the treasury stock transactions described below. In 2016, Western Transport had issued 240 million shares of its $1 par common stock at $24 per share. Required: Prepare the appropriate journal entry for each of the following transactions: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) On January 23, 2018, Western Transport...
CHAPTER 18 (8.) In 2018, Western Transport Company entered into the treasury stock transactions described below....
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Chapter 18-5 In 2018, Western Transport Company entered into the treasury stock transactions described below. In...
Chapter 18-5 In 2018, Western Transport Company entered into the treasury stock transactions described below. In 2016, Western Transport had issued 140 million shares of its $1 par common stock at $17 per share. Required: Prepare the appropriate journal entry for each of the following transactions: (If no entry is required for a transaction/event, type “No journal entry required” in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) On January 23, 2018,...
In 2021, Western Transport Company entered into the treasury stock transactions described below. In 2019, Western...
In 2021, Western Transport Company entered into the treasury stock transactions described below. In 2019, Western Transport had issued 280 million shares of its $1 par common stock at $28 per share. Required: Prepare the appropriate journal entry for each of the following transactions: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) 1. On January 23, 2021, Western...
In 2016, Western Transport Company entered into the treasury stock transactions described below. In 2014, Western...
In 2016, Western Transport Company entered into the treasury stock transactions described below. In 2014, Western Transport had issued 210 million shares of its $1 par common stock at $21 per share. Required: Prepare the appropriate journal entry for each of the following transactions: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) 1. On January 23, 2016, Western...
In 2018, Western Transport Company entered into the treasury stock transactions described below. In 2016, Western...
In 2018, Western Transport Company entered into the treasury stock transactions described below. In 2016, Western Transport had issued 280 million shares of its $1 par common stock at $28 per share. Required: Prepare the appropriate journal entry for each of the following transactions: (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Enter your answers in millions (ie., 10,000,000 should be entered as 10).) 1 On January 23, 2018, Western...
In 2021, Western Transport Company entered into the treasury stock transactions described below. In 2019, Western...
In 2021, Western Transport Company entered into the treasury stock transactions described below. In 2019, Western Transport had issued 280 million shares of its $1 par common stock at $28 per share. Required: Prepare the appropriate journal entry for each of the following transactions: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) On January 23, 2021, Western Transport...
In 2018, Western Transport Company entered into the treasury stock transactions described below. In 2016, Western...
In 2018, Western Transport Company entered into the treasury stock transactions described below. In 2016, Western Transport had issued 120 million shares of its $1 par common stock at $12 per share. Required: Prepare the appropriate journal entry for each of the following transactions: (f no entry is required for a transaction/event, select "No journal entry required" in the first account fileld. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) 1. On January 23, 2018, Western...
Treasury Stock Transaction example: Note: show your journal entries AND computations In 2016, Poe's Products completed the treasury stock transactions described below. January 2: Reacquired 10 million shares at $16 per share. February 15: Sold 3 million shares at $20 per share. September 20: Sold 3 million treasury shares at $15 per share. Poe had issued 50 million shares of its $1 par common stock for $18 several years ago. Required: Record the above transactions, assuming that Poe's Products uses...
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In 2018, Western Transport Company entered into the treasury stock transactions described below. In 2016, Western Transport had issued 120 million shares of its $1 par common stock at $12 per share. Required: Prepare the appropriate journal entry for each of the following transactions: (f no entry is required for a transaction/event, select "No journal entry required" in the first account fileld. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) 1. On January 23, 2018, Western...
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